Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises two prominent high street retail units with substantial associated upper parts.
The property is fully let to Savers and Holland & Barrett producing a total income of £144,400 with an unexpired lease term of approximately five years.
Situated a short walking distance from Rayleigh Rail Station, the property occupies a prominent position on the High Street, enjoying high footfall. Nearby occupiers include Costa, Boots, Clarks and Barclays.
Both units include substantial upper parts (12,335 sq ft across both units), which are used by the tenants as ancillary space, staff areas and storage. However, there may be potential for conversion to alternative uses subject to the existing leases and any requisite consents.
The property benefits from rear service access from Websters Way and the principal town centre car park is also directly to the rear of the property.
Tenure
Freehold
Tenancy
Dun and Bradstreet (D&B) Ratings
Savers Health and Beauty Limited - 5A1
Holland & Barrett Limited - 2A
Please see the tenancy schedule and legal pack for more information.
Planning
Whilst there are no extant planning consents, the property may be suitable for conversion to alternative uses, including residential. This is subject to the existing leases and any requisite consents.
Rent
Notes
We understand the property is elected for VAT and envisage that the sale can be treated as a Transfer of a Going Concern (TOGC).
Savills have not inspected the property and therefore any photos, drawings, areas and plans are for illustrative purposes only. Interested parties should rely on their own enquiries.